Consumer financial agency and FTC join forces to fight mortgage fraud

, The National Law Journal


The Consumer Financial Protection Bureau and the Federal Trade Commission have announced a joint crackdown on deceptive ads for mortgages, the first time the two agencies, which share significant overlapping jurisdiction, have officially teamed up on an enforcement effort.

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What's being said

  • RD Legal Funding

    This new partnership is going to be a jolt to the system and a boon for plaintiffs. Corporations are well moneyed operations who coldly weigh the prospective damage each of their products that defective mean for them. They have been doing this long enough to know the consequences for their actions. That is why in some cases, they do not even offer a good settlement for the victims, because they know how expensive not taking would be for the victim. They have evolved in their strategy so it was time the government evolve their strategy as well.

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